Though Modivcare Inc. (Nasdaq: MODV) achieved some wins last year, the company is still trying to navigate headwinds stemming from contract losses. “The root causes of these contract losses include a few MCO clients not securing their state contracts, a state health department’s decision to transition to a full broker model – favoring an incumbent […]
Category: Personal Home Care
Artificial intelligence is likely to be a society- and business-altering technological development. But, just like the advent of the internet before it, AI’s emergence will undoubtedly lead to as many empty promises from business leaders as it does actual use cases. That’ll particularly be the case in the early innings of AI, which I believe […]
In 2023, Right at Home’s caregiver count checked in at 45,453 across the company’s vast franchise network. The company is now hoping to add at least 26,000 caregivers to meet the current demand for care services by the end of 2024. The impetus behind Right at Home’s hiring initiative was the increased growth in client […]
More than a dozen home-based care companies have earned a spot on Entrepreneur’s 45th annual Franchise 500 rankings. Their inclusion on this list points to the fact that home-based care franchise networks are some of the fastest growing in the country. In order to be ranked on the list, a franchise company needs to be […]
Over the next 12-18 months, the mergers and acquisitions that do or do not take place in home-based care will tell a story worth listening to about the future of the space. The context has become monotonous to tell at this point: high interest rates are affecting dealmaking across the country; Medicare Advantage (MA) penetration […]
BrightStar Care is one of the largest home care franchises in the country, but there are also a few things about the company that make it unique. For one, it has a senior living portfolio – made up by BrightStar Senior Living and BrightStar Care Homes – that came out of the recognition that home […]
Despite an already-large U.S. footprint, the home care franchise Right at Home is still looking to grow. It did so last year, and plans on planting more flags in 2024. In 2023, Right at Home closed the year with 24 signings and 17 openings. The company attributes that growth to its strong lead generation and […]
After finding that one in five Americans saw a notable decline in an aging family member’s well-being during the holidays, Home Instead has announced that it’s looking to hire 30,000 care professionals nationwide. It is common for Home Instead to see a spike in care service inquiries soon after the holidays, according to Lakelyn Hogan […]
States with home- and community-based services (HCBS) providers are facing an uphill battle when it comes to implementing service offerings and evaluating the success of their programs linked to the federal funds from the American Rescue Plan Act (ARPA). That’s according to a new brief that explores how states are assessing the outcomes of their […]
Around 2019, Medicare Advantage (MA) was all the rave among home care providers. That’s because, in 2018 and 2019, two pathways opened for MA plans to provide more benefits to beneficiaries: the primarily health-related benefit pathway and the Special Supplemental Benefits for the Chronically Ill (SSBCI) pathway. Included in those were plenty of areas of […]